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Stockholding in Germany

In: Stockholding in Europe

Author

Listed:
  • Axel Börsch-Supan
  • Lothar Essig

Abstract

Germany is not a country of stockholders. Financial portfolios are still dominated by relatively safe assets, notably checking and savings accounts and domestic bonds, and by illiquid assets, mainly life insuranc policies.1 In 1993, only 12 per cent of West Germans directly held stocks while almost two-thirds of West German households owned a whole life insurance policy and about one-third held domestic bonds. Private pension funds are still uncommon.

Suggested Citation

  • Axel Börsch-Supan & Lothar Essig, 2003. "Stockholding in Germany," Palgrave Macmillan Books, in: Luigi Guiso & Michael Haliassos & Tullio Jappelli (ed.), Stockholding in Europe, chapter 5, pages 110-138, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-50267-3_5
    DOI: 10.1057/9780230502673_5
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    Cited by:

    1. Bucher-Koenen, Tabea & Lusardi, Annamaria, 2011. "Financial literacy and retirement planning in Germany," Journal of Pension Economics and Finance, Cambridge University Press, vol. 10(4), pages 565-584, October.
    2. Bucher-Koenen, Tabea & Ziegelmeyer, Michael, 2011. "Who lost the most? Financial Literacy, Cognitive Abilities, and the Financial Crisis," MEA discussion paper series 11234, Munich Center for the Economics of Aging (MEA) at the Max Planck Institute for Social Law and Social Policy.

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